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RE: Breaking news: Bitconnect say they will pay back all their investors in Bitconnect coins, not Bitcoin. Edit: bitconnect price now down 88%

Hi @swissclive

I think, that falling exchange bitconnect is influence on exchanges for other cryptocurrency.

As bankers say: money loves silence. Any boom around cryptocurrency create them a bad reputation. Bitcoin, bitconnect – they are a cryptocurrency.

There are many opinions about cryptocurrencies. Some consider it is a soap bubbles, the other is the future of digital gold. Opinions are ambiguous and contradictory. A lot of people, and without fall bitconnect exchange course belong to a currency with a distrust.

If we draw an analogy with ordinary money, then: breaking the silence around bank X, which had held leading positions in the country, leads to the fact that investors are beginning to massively withdraw their bills from the bank.

Of course, if to bank immediately come all investors and require the money invested, the bank will collapse. By the way, the bank attracts the funds attracted into money circulation and it is not easy to withdraw them from money circulation at one moment.

In my country, one of the big banks collapsed. The excitement around this bank affected the situation of other banks, although there did not foresee a change of ownership, etc. Investors of these banks thought: it impossible that because of the change in management bank X collapsed, most likely, something in the country's banking system is going bad.

And it began outflow of funds from other banks. Of course, over time, the boom was over, people were investing money back. But I feel sorry for the bank X, and the other banks lost their additional revenues.